(Solved): The graph shows the marginal private benefit from a law degree and the marginal cost of obtaining ...

The graph shows the marginal private benefit from a law degree and the marginal cost of obtaining a law degree. The marginal external benefit is \( \$ 16,000 \) per law graduate per year. Suppose the government offers vouchers to those who enroll at a law school. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students to show the value of the voucher that achieves the efficient number of students. The value of the voucher that achieves the efficient number of students is \( \$ \) per student. \( \gg \) Remember that the quantity given on the \( y \)-axis is in thousands of dollars. \> Draw only the objects specified in the question.